CA regulator to look into AIG workers' comp reporting

AlistairBarr

SAN FRANCISCO (MarketWatch) -- California Insurance Commissioner John Garamendi will look into how American International Group
AIG, +0.27%
reported its workers' compensation premiums to the state, spokesman Norman Williams said in an email. "The Department will look into whether any such irregularities occurred regarding AIG or other insurers in California," Williams said. The move follows allegations made yesterday by the office of New York Attorney General Eliot Spitzer and the New York Insurance Department, which claimed AIG purposely under-reported its workers' compensation premiums in New York to avoid paying millions of dollars to state-run workers' comp programs.

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